Petroleum Refining Feedstock, Petroleum refining feedstock like VGO supports fuel, lubricant, and petrochemical production worldwide.

Petroleum Refining Feedstock refers to any hydrocarbon mixture that is processed in a refinery to produce other, more valuable products. While crude oil is the primary feedstock, intermediate products like VGO, naphtha, and residues are also considered feedstocks for secondary refining units. The market for petroleum refining feedstock is dynamic, with prices and demand for each feedstock varying based on the type of crude oil, the refinery's configuration, and the market demand for final products. VGO is a particularly valuable feedstock due to its high conversion potential.

The Vacuum Gas Oil Market Growth is fueled by several powerful trends. A key driver is the increasing global demand for refined products like diesel and gasoline, particularly in developing economies. The ongoing trend of upgrading refinery assets to increase their complexity and flexibility also drives the demand for VGO. Furthermore, the push for cleaner transportation fuels and stricter environmental regulations is a major catalyst. This has increased the demand for processes like hydrocracking VGO to produce low-sulfur fuels. The rising production of heavier crude oils, which yield a higher proportion of VGO during refining, is also a significant factor driving market growth.